India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images Tech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon…
For months, I have been after Amazon CEO Andy Jassy to give us “line of sight” into something that can explain why they’re is spending so much money building out all of these data centers. I wanted to know if this is just some sort of rainbow without a pot of gold, or whether there…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings…
Meta Platforms CEO Mark Zuckerberg departs the office of U.S. Majority Leader John Thune (R-SD) following a meeting at the U.S. Capitol in Washington, D.C., U.S., March 26, 2026. Nathan Howard | Reuters Meta shares dropped over 7% on Wednesday after the company reported second-quarter earnings that missed on earnings per share. Here’s how the…
Andy Jassy, President and CEO of Amazon, Mark Zuckerberg, CEO of Meta and Satya Nadella, CEO of Microsoft. Noah Berger | Manuel Orbegozo | Reuters | Peerapon Boonyakiat | SOPA Images | Lightrocket | Getty Images Alphabet had long been Wall Street’s favorite hyperscaler due to its expertise in converting high capital expenditures into revenue….
One down, three to go. Alphabet kicked off Big Tech earnings this week — telling Wall Street it plans to spend even more than previously expected on artificial intelligence. Now, the question is whether fellow Club names Amazon , Meta Platforms, and Microsoft will follow suit when they report next week. “Capex trends are going…
(L-R) Google CEO Sundar Pichai speaks and Tesla and SpaceX CEO Elon Musk arrive for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via Reuters When Alphabet and Tesla kicked off tech earnings season…
Apple and Nvidia battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value. Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market…
Apple’s stock has had a bumpy ride this year. But it’s been a lot more pleasant lately — so much so that shares posted their first record close in over a month during Thursday’s session. In doing so, Apple stands out among the rest of the “Magnificent Seven.” The other six members of the group…
